GB Group’s (GBG) Buy Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of GB Group (LON:GBG) in a research report sent to investors on Tuesday. They currently have a GBX 515 ($7.12) price target on the stock.

Several other brokerages also recently weighed in on GBG. FinnCap reissued a buy rating and issued a GBX 450 ($6.22) target price on shares of GB Group in a research note on Thursday, November 9th. Canaccord Genuity reissued a buy rating and issued a GBX 430 ($5.94) target price on shares of GB Group in a research note on Tuesday, October 24th.

Shares of GB Group (GBG) opened at GBX 400 ($5.53) on Tuesday. GB Group has a 52-week low of GBX 270 ($3.73) and a 52-week high of GBX 458.25 ($6.33). The firm has a market capitalization of $610.64 and a price-to-earnings ratio of 4,444.44.

In related news, insider David John Wilson sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of GBX 425 ($5.87), for a total value of £425,000 ($587,178.78).

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GB Group Company Profile

GB Group plc (GBG) is a global specialist in identity data intelligence. Its segments include Identity Proofing division and Identity Solutions division. The Identity Proofing division provides Identification (ID) Verification, ID Employ and Comply services and ID Fraud and Risk Management Services. It also includes the operations of ID Scan Biometrics Ltd, a provider of software that automates on-boarding of customers and employees by simplifying the identity verification and data capture process.

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